Despite what you're told, the minimum wage won't lead to job losses, says expert
Discussions continue between government, labour and business over the implementation of a uniform minimum wage.
Minimum wage policy researcher, Gilad Isaacs said that setting a minimum wage could bring several potential benefits, including increased GDP growth and the reduction of inequality.
According to Isaacs, there is a statistically insignificant impact to unemployment, when using sophisticated economic models.
Listen to the full conversation from The Midday Report with Stephen Grootes:
In our modeling, whilst employment overall rises, there is a negligible impact on the the unemployment rate. What we've seen in reality is a net increase in employment.Gilad Isaacs, Coordinator of National Minimum Wage Research Initiative at Wits Universit